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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950134-04-007903.txt : 20040519
<SEC-HEADER>0000950134-04-007903.hdr.sgml : 20040519
<ACCEPTANCE-DATETIME>20040519164211
ACCESSION NUMBER:		0000950134-04-007903
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040530
FILED AS OF DATE:		20040519

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WIPRO LTD
		CENTRAL INDEX KEY:			0001123799
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16139
		FILM NUMBER:		04819070

	BUSINESS ADDRESS:	
		STREET 1:		SURVEY #76P & #80P DODDAKANAHALLI VILLAG
		STREET 2:		VARTHUR HOBLI SARJAPUR RD BANGALORE
		CITY:			INDIA 560035

	MAIL ADDRESS:	
		STREET 1:		SURVEY #76P & #80P DODDAKANAHALLI VILLAG
		STREET 2:		VARTHUR HOBLI SARJAPUR RD BANGALORE
		CITY:			INDIA 560035
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f99209e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e6vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">





<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549<BR>
<HR align="center" size="1" noshade width="25%"></B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 6-K</B>


<P align="center" style="font-size: 10pt"><B>REPORT OF FOREIGN ISSUER</B>



<P align="center" style="font-size: 10pt"><B>Pursuant to Rule&nbsp;13a-16 or 15d-16 of the Securities Exchange Act of 1934</B>



<P align="center" style="font-size: 10pt"><B>For the month of May&nbsp;2004</B>



<P align="center" style="font-size: 10pt"><B>Commission File Number: 001-16139</B>


<P align="center" style="font-size: 24pt"><B>WIPRO LIMITED</B>


<P align="center" style="font-size: 10pt"><B>(Exact name of Registrant as specified in its charter)</B>



<P align="center" style="font-size: 10pt"><B>Not Applicable</B>



<P align="center" style="font-size: 10pt"><B>(Translation of Registrant&#146;s name into English)</B>



<P align="center" style="font-size: 10pt"><B>Karnataka, India</B>



<P align="center" style="font-size: 10pt"><B>(Jurisdiction of incorporation or organization)</B>



<P align="center" style="font-size: 10pt"><B>Doddakannelli<BR>
Sarjapur Road<BR>
Bangalore, Karnataka 560035, India<BR>
&#043;91-80-2844-0011</B>



<P align="center" style="font-size: 10pt"><B>(Address of principal executive offices)</B><BR>
<HR align="center" size="1" noshade width="25%">



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if registrant files or will file annual reports under cover Form 20-F or Form 40-F.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Form&nbsp;20-F <FONT face="Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Form&nbsp;40-F <FONT face="Wingdings">&#111;</FONT></TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule&nbsp;12g- 3-2(b) under the Securities Exchange
Act of 1934.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Yes <FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No <FONT face="Wingdings">&#254;</FONT></TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If &#147;Yes&#148; is marked, indicate below the file number assigned to registrant
in connection with Rule&nbsp;12g 3-2(b)


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">






<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">







<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>TABLE OF CONTENTS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="100%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#101">SIGNATURES</A></DIV></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#102">INDEX TO EXHIBITS</A></DIV></TD>
</TR>



<!-- End Table Body -->
<TR><TD colspan="9"><FONT size="2">&nbsp;<A HREF="f99209exv99w1.htm">EXHIBIT 99.1</A></FONT></TD></TR>
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
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</DIV>

<P align="center" style="font-size: 10pt"><B>TAX DEMAND</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On or about March&nbsp;25, 2004, we received an assessment order from the
Deputy Commissioner of Income Tax, Bangalore, India in connection with our
regular assessment of our income tax return for the year ended March&nbsp;31,
2001. The assessment order disallows a taxable income deduction we made
under Section&nbsp;10A of the Income Tax Act, 1961 of India pertaining to some
of our software development units located in Bangalore. Section&nbsp;10A of
the Income Tax Act, 1961 provides a ten-year tax holiday for setting up
software development units in Software Technology Parks of India (STPI).
The assessing officer&#146;s claim is based, among other things, upon the
premise that in order for such software development units to qualify for
the special tax treatment and corresponding tax deduction, we should have
obtained a license for each such new unit located in the STPI. We have
instead formed such new units with STPI approval under our original STPI
licenses obtained in 1992. The assessment order claims that the
disallowance, along with other disallowances, requires us to make a
payment of Rs. 2,614&nbsp;million, or approximately US$ 60&nbsp;million. Based on
our assessment of the merits of the claim, we have made a provision in the
amount of Rs. 300&nbsp;million, or approximately US$ 6.9&nbsp;million on our
balance sheet. In the opinion of management, the remainder of the amount
referred to in the assessment order is without merit. We filed an appeal
before the first appellate authority of the relevant tax department, known
as the Commissioner (Appeals), on April&nbsp;22, 2004 challenging the
assessment order. Although we currently believe we will ultimately
prevail in our appeal, the results of such appeal, and any subsequent
appeals, cannot be predicted with certainty. Should we fail to prevail in
our appeal, or any subsequent appeals, in any reporting period, the
operating results of such reporting period could be materially adversely
affected.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We filed notice of the above mentioned tax assessment with the
following stock exchanges on


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;April&nbsp;2, 2004.


<P align="left" style="font-size: 10pt"><B>Name of Stock Exchange</B><BR>
<HR size="1" noshade width="50%" align="left">
The Stock Exchange, Mumbai.<BR>
The National Stock Exchange of India Limited<BR>
Bangalore Stock Exchange Limited<BR>
Delhi Stock Exchange Association Limited<BR>
The Calcutta Stock Exchange Association Limited<BR>
The Stock Exchange, Ahmedabad<BR>
The Cochin Stock Exchange Limited<BR>
The New York Stock Exchange


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A copy of the notice provided to each exchange is attached hereto.


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="101"></A>
</DIV>

<P align="center" style="font-size: 10pt">SIGNATURES



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly organized.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3">WIPRO LIMITED<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000">/s/ Azim H. Premji
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3">Azim H. Premji&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3">Chairman and Managing
Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000">                                                  /s/ Suresh C. Senapaty
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3">Suresh C. Senapaty&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3">Executive Vice President,
Finance&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>Date: May 19, 2004&nbsp;</TD>
    <TD colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD colspan="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>
<DIV align="left">
<A name="102"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>INDEX TO EXHIBITS</B>




<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1 Letter filed with Stock Exchanges


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>f99209exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="103"></A>
</DIV>

<P align="right" style="font-size: 10pt">Exhibit&nbsp;99.1

<P align="left" style="font-size: 10pt; margin-left: 3%">April&nbsp;2, 2004<BR>
The Manager &#150; Listing,<BR>
The Stock Exchange, Mumbai.

<P align="left" style="font-size: 10pt; margin-left: 3%">The Manager &#150; Listing,<BR>
The National Stock Exchange of India Limited.

<P align="left" style="font-size: 10pt; margin-left: 3%">The Manager &#150; Listing,<BR>
Bangalore Stock Exchange Limited.

<P align="left" style="font-size: 10pt; margin-left: 3%">The Manager &#150; Listing,<BR>
Delhi Stock Exchange Association Limited.

<P align="left" style="font-size: 10pt; margin-left: 3%">The Manager &#150; Listing,<BR>
The Calcutta Stock Exchange Association Limited.

<P align="left" style="font-size: 10pt; margin-left: 3%">The Manager &#150; Listing,<BR>
The Stock Exchange, Ahmedabad.

<P align="left" style="font-size: 10pt; margin-left: 3%">The Manager &#150; Listing,<BR>
Cochin Stock Exchange Limited.

<P align="left" style="font-size: 10pt; margin-left: 3%">The Market Operations Department<BR>
New York Stock Exchange, New York

<P align="left" style="font-size: 10pt; margin-left: 3%">Dear Sir,

<P align="left" style="font-size: 10pt; margin-left: 3%">Sub: Tax Demand


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This is to inform you that we have been served with a demand of Rs 2,614
million by the Assessing Officer pursuant to an assessment under the Income Tax
Act, 1961, primarily on account of denial of the deduction under Section&nbsp;10A
for the software profit we earn out of STP units located in Bangalore.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have been advised that the demand is not sustainable since neither is
it consistent with the decisions of the Hon&#146;ble Supreme Court and other
judicial precedents, nor in line with legislative intent. We have decided to
file an appeal before the Commissioner (Appeals), the first appellate
authority.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a matter of abundant precaution the matter has been intimated to the
Stock Exchanges pursuant to Clause 36(5) of the Listing Agreement.

<P align="left" style="font-size: 10pt; margin-left: 3%">Yours faithfully,

<P align="left" style="font-size: 10pt; margin-left: 3%">For Wipro Limited

<P align="left" style="font-size: 10pt; margin-left: 3%">/s/ V Ramachandran
<DIV align="left" style="font-size: 10pt; margin-left: 3%"><HR size="1" noshade width="20%" align="left"></DIV>

<DIV align="left" style="font-size: 10pt; margin-left: 3%">V Ramachandran<BR>
Company Secretary</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
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